SPX SPY ES for 7/24/24

“I have a position.”

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The weekly plan should be read and the weekly video should be watched prior to reading this post. Weekly Prep and Video

Today the path for the lower high short from the above video played out. It was slightly difficult to navigate into but ultimately played out to perfection. I won’t recap it here tonight as it is time to focus on managing this trade. I am short SPY 0.00%↑ via ES and SPY 0.00%↑ puts from ES 5626.75. Today’s high of day was 5629.75. As of this writing futures gapped down below 5585 and traded 5573.5 where 1/6 of the position was covered for +50

The first 5 parts in my free series explaining some basic profile concepts is now available at www.pharmdcapital.com. Click PharmDCapital This section and other free material will be added to over time. Scroll down to the “Want a Taste” section to read it.

To learn more about how I trade, see the post “What is Trading Doggy Style” Here